22 September 2019


Hong Kong Economic Journal
  • Liu Qun says there's only a 60 percent chance that the renminbi will become an SDR currency this year amid continued opposition from the US. Photo: HKEJ

    Renminbi seen fully convertible in three years

    - May 19, 2015 11:17am
    China expects the renminbi to be fully convertible by 2018, with interest rates fully liberalized this year, the Hong Kong Economic Journal reported Tuesday. Beijing is ramping up reform of its capital account in the run-up to...
  • A new commercial complex at Hong Kong airport will house hotels and a huge shopping mall, says Airport Authority chairman Vincent Lo. Photo: HKEJ

    Airport Authority plans city’s biggest mall in new building

    - May 19, 2015 10:40am
    Hong Kong’s Airport Authority (AA) will launch a tender later this year for construction of a massive commercial complex in the northern part of the airport. The planned commercial complex will house a shopping mall that will...
  • Ying Jian (left) and Wang Haixia (right) say BOCHK is waiting in the wings for the launch of new free trade zones in Guangdong, Fujian and Tianjin where the lender can leverage its advantages. Photo: HKEJ

    BOCHK sees more renminbi opportunities with FTZ expansion

    - May 18, 2015 11:51am
    China will create further opportunities for renminbi-related businesses with plans to open more free trade zones, a bank executive said. These plans are being driven by growing demand for such hubs and by increased potential for...
  • Taikoo Shing has seen a new record being set in residential property transaction price in the area.  Photo: HKEJ

    Taikoo Shing penthouse sets new sales record

    - May 18, 2015 11:01am
    A penthouse in Hong Kong’s Taikoo Shing has been sold for HK$26.8 million, or HK$22,700 per square foot, setting a new transaction record for the residential estate in the Quarry Bay area. The unit at Wisteria...
  • Li Ning says sales of smart running shoes will start in August. Also, the company will roll out smart products for other sports including soccer, badminton and basketball. Photo: HKEJ

    Li Ning taps Xiaomi for smart running shoes

    - May 18, 2015 10:19am
    Li Ning Co. Ltd. is partnering with Xiaomi Technology Co. Ltd. to launch smart running shoes, the Hong Kong Economic Journal reported Monday. Also, it will roll out smart products for other sports including soccer, badminton...
  • Yeung Man-yau (left) says the target set by Wong Kam-sing (right) for reduction in energy use
is too low.  Photo:HKEJ

    Govt criticized for setting low target for reduction in energy

    - May 15, 2015 12:39pm
    An environmental group has criticized the government for setting too low a target for the reduction of energy use, the Hong Kong Economic Journal reported Friday. The government said Thursday it will seek to lower the city’s...
  • Canning Fok (right) says the total increase in HK Electric's electricity tariff over the past five years was just 5.9 percent. Photo: HKEJ

    Govt urged to balance interests of power suppliers, users

    - May 15, 2015 11:11am
    The Hong Kong government is being urged to balance the interests of users and power suppliers as it plans the reform of the domestic electricity market, the Hong Kong Economic Journal reported Friday. The unit cost that HK Electric...
  • Alibaba's Jack Ma has acquired a huge stake in Hong Kong brokerage ReOrient Group in a HK$2.7 bln deal. Photo: AFP

    Johnson Ko sells ReOrient stake to Jack Ma

    - May 15, 2015 11:11am
    Johnson Ko Chun-shun, a low-profile securities industry veteran in Hong Kong, has sold stake in financial services provider ReOrient Group Ltd. (00376.HK) to Alibaba Group chairman Jack Ma, in a deal worth about HK$2.7 billion. The...
  • MSCI's China-related indexes are widely used as a reference by fund managers. Photo: HKEJ

    MSCI to add 9 HK-listed stocks to its China index

    - May 14, 2015 1:02pm
    Nine Hong Kong-listed companies are being added as constituents of the MSCI China index, the Hong Kong Economic Journal reported Thursday. They are China Conch Venture Holdings Ltd. (00586.HK), China Power International Development Ltd. (02380.HK), China Southern Airlines Co....
  • Chongqing Rural Commercial Bank says it's considering whether to buy government bonds linked to municipal debt. Photo: Bloomberg

    China launches 1 trn yuan stimulus

    - May 14, 2015 11:52am
    China is launching a 1 trillion yuan (US$161.1 billion) stimulus program to help local governments restructure trillions of dollars and encourage lending, the Hong Kong Economic Journal reported Thursday. The debt-for-bond swap is aimed at giving provinces and...
  • CITIC Ltd., led by chairman Chang Zhenming (right), won the Ma On Shan through its property arm, CITIC Pacific Properties. Photo: HKEJ

    CITIC unit pays record HK$1.47 bln for Ma On Shan site

    - May 14, 2015 10:46am
    CITIC Pacific Properties snapped up a residential site in Ma On Shan for HK$1.47 billion (US$189.6 million), beating 18 other bidders in a public auction. The winning bid works out to HK$6,502 per square foot, 8.3 percent...
  • The proposed third airport runway could ultimately cost HK$200 billion, 40 percent more than present estimates. Photo: HKEJ

    Concern groups warn of airport runway cost blowout

    - May 13, 2015 11:41am
    Concern groups are warning that the proposed third airport runway could end up 40 percent overbudget if it suffers serious delays similar to the national high-speed railway project, the Hong Kong Economic Journal reported Wednesday.  ...
  • Carlson Tong, chairman of the Securities and Futures Commission, voiced concern over market volatility. Photo: HKEJ

    SFC chief vows to probe ‘pump and dump’ stock trading

    - May 13, 2015 10:55am
    Carlson Tong, chairman of the Securities and Futures Commission, said regulators are keeping a close watch on growing volatility in the equity market, particularly cases of manipulation of stock prices, the Hong Kong Economic Journal reported...
  • TVB will invest HK$6.34 billion in the six years to 2021, unchanged from its 2010-2015 spending but significantly lower adjusted for inflation. Photo: HKEJ

    TVB slashes investment after winning 12-year license renewal

    - May 13, 2015 9:58am
    Television Broadcasts Ltd. (TVB, 00511.HK), Hong Kong’s dominant terrestrial TV broadcaster, is cutting back investment after winning a 12-year license renewal, the Hong Kong Economic Journal reported Wednesday. TVB will invest HK$6.34 billion (US$817.9 million) in the six years...
  • Stephen Ng says i-Cable's new terrestrial unit, Fantastic Television, is ready for competition. Photo: HKEJ

    New i-Cable free-TV unit to get HK$1 bln start-up funding

    - May 12, 2015 12:13pm
    Hong Kong cable operator i-Cable Communications Ltd. (01097.HK) will invest more than HK$1 billion (US$129 million) in the first six months of its new free-to-air television unit. The company expects Fantastic Television Ltd. to run under its...
  • Visitors throw coins to win a pack of gums in one of the games at Lai Chi Kok Amusement Park. Also known as Lai Yuen, the park will be reopened in Central.  Photos: HKEJ, Internet

    Lai Chi Kok Amusement Park to reopen in Central

    - May 12, 2015 11:32am
    The Lai Chi Kok Amusement Park, once the largest family entertainment venue in Hong Kong, will be rebuilt in the promenade in Central, 18 years after its closure. The Chiu family, which bought the park in...
  • Former Securities and Futures Commission chief Anthony Neoh supports the establishment of a volatility control mechanism in the stock market. Photo: HKEJ

    Ex-SFC chairman warns of rising volatility in HK stock market

    - May 12, 2015 10:15am
    Anthony Neoh, former chairman of the Securities and Futures Commission, has warned of more volatility in the city’s stock market amid the influx of capital from mainland China, the Hong Kong Economic Journal reported Tuesday. The alert came after...
  • A newly-launched special segregated accounts service has eased worries about counterparty risks, encouraging more traditional funds to focus on the Stock Connect program, says Ctigroup's Cindy Chen. Photo: HKEJ

    Traditional funds to step up investments via Stock Connect: Citi

    - May 11, 2015 11:18am
    Overseas funds will step up utilization of the Shanghai-Hong Kong Stock Connect program in the coming months to channel more money into Chinese stocks, according to a Citigroup executive. At least 10 traditional funds are mapping...
  • Chen Shuang said Hong Kong must overhaul its regulations to make itself more competitive. Photo: HKEJ

    HK may lose role guiding Chinese firms overseas in 15 years

    - May 11, 2015 10:48am
    in 15 years, Hong Kong may lose its role as a super coordinator for mainland Chinese enterprises wishing to go international, the head of a state-owned financial services firm said. China Everbright Ltd. (00165.HK) chief executive Chen...
  • Benny Liu and Honson To say increased regulatory oversight is driving demand for non-audit consulting services in Greater China. Photo: HKEJ

    KPMG sees rising opportunities in non-audit services

    - May 11, 2015 10:24am
    Demand for non-auditing consultancy services is surging in Greater China including Hong Kong and Macau, the Hong Kong Economic Journal reported Monday. This is driven by increased government efforts to strengthen regulations, the report said, citing KPMG...